November 15, 2019 Headlines

Treasury yields are drifting higher this morning following a relatively quiet overnight session. S&P 500 futures are currently up 0.27%. There were positive trade comments from White House economic advisor Larry Kudlow last night, saying that a phase-one trade deal with China is “coming down to the short strokes.” Kudlow’s comments at least partially relieve market anxiety following President Trump’s threats of higher tariffs earlier this week should the deal not be consummated. Retail sales rebounded in October, rising 0.3% (0.2% expected) after at 0.3% decline the prior month. The retail sales control group, which is used in the GDP calculation, also rose 0.3% over the month following a 0.1% decline in September.

Jason Haley
Managing Director, Investment Management Group

11/12/2019NFIB Small Business Optimism102102.4101.8
11/13/2019MBA Mortgage Applications9.60%-0.10%
11/13/2019CPI MoM0.30%0.40%0.00%
11/13/2019CPI Ex Food and Energy MoM0.20%0.20%0.10%
11/13/2019CPI YoY1.70%1.80%1.70%
11/13/2019CPI Ex Food and Energy YoY2.40%2.30%2.40%
11/13/2019CPI Core Index SA265.074265.011264.595
11/13/2019CPI Index NSA257.227257.346256.759
11/13/2019Real Avg Weekly Earnings YoY0.90%0.90%1.00%
11/13/2019Real Avg Hourly Earning YoY1.20%1.20%1.30%
11/13/2019Monthly Budget Statement-$130.0b-$134.5b-$100.5b
11/14/2019PPI Final Demand MoM0.30%0.40%-0.30%
11/14/2019PPI Ex Food and Energy MoM0.20%0.30%-0.30%
11/14/2019PPI Ex Food, Energy, Trade MoM0.20%0.10%0.00%
11/14/2019PPI Final Demand YoY0.90%1.10%1.40%
11/14/2019PPI Ex Food and Energy YoY1.50%1.60%2.00%
11/14/2019PPI Ex Food, Energy, Trade YoY1.50%1.70%
11/14/2019Initial Jobless Claims215k225k211k
11/14/2019Continuing Claims1683k1683k1689k1693k
11/14/2019Bloomberg Consumer Comfort5859.1
11/14/2019Mortgage Delinquencies3.97%4.53%
11/14/2019MBA Mortgage Foreclosures0.84%0.90%
11/15/2019Empire Manufacturing62.94
11/15/2019Import Price Index MoM-0.20%-0.50%0.20%0.10%
11/15/2019Import Price Index ex Petroleum MoM0.00%-0.10%-0.10%0.00%
11/15/2019Import Price Index YoY-2.20%-3.00%-1.60%-2.10%
11/15/2019Export Price Index MoM-0.10%-0.10%-0.20%
11/15/2019Export Price Index YoY-2.20%-1.60%
11/15/2019Retail Sales Advance MoM0.20%0.30%-0.30%
11/15/2019Retail Sales Ex Auto MoM0.40%0.20%-0.10%
11/15/2019Retail Sales Ex Auto and Gas0.30%0.10%0.00%-0.10%
11/15/2019Retail Sales Control Group0.30%0.30%0.00%-0.10%
11/15/2019Industrial Production MoM-0.40%-0.80%-0.40%-0.30%
11/15/2019Manufacturing (SIC) Production-0.70%-0.60%-0.50%
11/15/2019Capacity Utilization77.00%76.70%77.50%
11/15/2019Business Inventories0.10%0.00%0.00%-0.10%



Subscribe Today!

Subscribe to our email list and get the latest articles and announcements from ALM First.

Recent Articles

ALM First offers investment advisory services through ALM First Financial Advisors, LLC, which is registered with the U.S. Securities and Exchange Commission (“SEC”). SEC registration does not constitute an endorsement of the firm by the SEC nor does it indicate that the firm has attained a particular level of skill or ability. The information contained herein does not constitute investment advice or a recommendation for you to purchase or sell any specific security. You are solely responsible for reviewing the content and for any actions you take or choose not to take based on your review of such content.Information contained herein was derived from third party sources as indicated. While such information is believed to be reliable, no representation or warranty is made concerning the accuracy of any information presented. We have not and will not independently verify this information. Where such sources include opinions and projections, such opinions and projections should be ascribed only to the applicable third party source and not to ALM First.Statements herein that reflect projections or expectations of future financial or economic performance are forward-looking statements. Such “forward-looking” statements are based on various assumptions, which assumptions may not prove to be correct. Accordingly, there can be no assurance that such assumptions and statements will accurately predict future events or actual performance. No representation or warranty can be given that the estimates, opinions or assumptions made herein will prove to be accurate. Any projections and forward-looking statements included herein should be considered speculative and are qualified in their entirety by the information and risks disclosed in the confidential offering document. Actual results for any period may or may not approximate such forward-looking statements. No representations or warranties whatsoever are made by ALM First Financial Advisors, LLC or any other person or entity as to the future profitability of investments recommended by ALM First Financial Advisors, LLC.